Weatherford purchased a machine with 5 year MACRS for 200,000. They spent an additional 25,000 Weatherford purchased a machine with 5 year MACRS for 200,000. They spent an additional 25,000 installing it. What is the accumulated depreciation on this machine at the end of three years?
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Weatherford purchased a machine with 5 year MACRS for 200,000. They spent an additional 25,000 Weatherford purchased a machine with 5 year MACRS for 200,000. They spent an additional 25,000 installing it. What is the accumulated
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- Montello Inc. purchases a delivery truck for $25,000. The truck has a salvage value of $6,000 and is expected to be driven for 125,000 miles. Montello uses the units-of-production depreciation method, and in year one it expects to use the truck for 26,000 miles. Calculate the annual depreciation expense.Don’s Workshop acquired a machine two years ago for $40,000. The depreciation schedule is listed below. Don wants to sell it now to buy a new model of the machine. Don has been offered $20,000 for his old machine. What is the after-tax salvage value? (Assume the tax rate is 20%) MACRS 5-year property $18,944.00 $18,904.80 $19,909.09 $19,840.00 $19,358.88an engineer bought a piece of equipment for 500000. he spent amount of 20000 for installation and other expenses. the salvage value is 10% of the initial first cost wit a life for 12 years. determine the total depreciation after 5 years using the straight line method
- A man bought a machine for $ 984,017 six years ago. It has a salvage value of $ 36,879 four years from now. He sold it now for $ 42,216. What is the sunk cost or the value of the machine that the man lost if the depreciation method used is a Sum of the Years' Digit method?X ltd. bought a machine of cost $200,000, having a useful life of 10 years. The machine has a scrap value of $5,000. After 2 years, X Ltd. revalued the machine at $170,000, having the same remaining life and scrap value. Calculate the depreciation in third year. Your answerHampton Inc. purchased a machine to use in its business. The machine is estimated to have an economic life of 10 (ten) years before it becomes obsolete. The company expects to use the machine for 4 (four) years before it sells the machine to another company. Hampton uses the straight-line depreciation method. Question: How many years should Hampton depreciate this asset over? (4,7,10, or 14)
- John Morse Corporation buys a van for $16,000. The estimated life of the van is four years. The residual value of the van is $4,000. After two years, the van is sold for $8,000. What was the difference between the book value and the amount received from selling the van if John used the straight-line method of depreciation?Suds-n-Dogs just purchased new automated bun-handling equipment for $12,000. The salvage value of the equipment is anticipated to be $1200 at the end of its 5-year life. Use MACRS to determine the depreciation schedule using a three-year property class.Company D recently purchased an equipment that costs $50,000, has a life of 4 years and a salvage value of $10,000. The production output of this equipment is 1800 on the first year, 2200 on the second year, 3000 units on the third year, and 4000 units on the fourth year. What is the accumulated depreciation charge on the second year?
- Mr Roque owns an equipment that costs P90,000. After 8 years, it will have an estimated salvage value of P18,000. Compute the total depreciation for the first two years using sum of the years digit. O P35,000 O P40,000 P30,000 O P45,000 O P50,000 Other: Mr Roque owns an equipment that costs P90,000. After 8 years, It will have an estimated salvage value of P18,000. Compute the book value at the end of five years using sum of the years digit method. P50,000 P40,000 P30,000 OP55,000 P35,000An engineer bought equipment for P500,000. HE spent an additional amount of P30,000 for installation and other expenses. The estimated useful life of the equipment is 10 years. The salvage value is x% of the first cost. Using Straight line method of depreciation the book value at the of 5 years will be P291,500. What is the value of x? 16.60 12.00 10.00 14.50An engineer bought equipment for P500,000. He spent an additional amount of P30,000 for the installation and other expenses. The estimated useful life of the equipment is 10 years. The salvage value is X% of the first cost. Using the straight line-method of depreciation, the book value at the end of 5 years will be P291,500. What is the value of X?